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Automodular Rights Offering Oversubscribed
TORONTO - June 27, 2005
Automodular Corporation announces that its 3,000,000 share issue by way of a rights offering was oversubscribed. Accordingly, Automodular will issue 3,000,000 at $0.75 per share for gross proceeds of $2,250,000. The net proceeds will be used to repay bank debt and fund capital expansion related to recent contract awards.
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